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New Look profits boosted with 'focus on driving broad product appeal'

Nov 06, 2018 - Marketline Newswire

UK fast-fashion retailer New Look has reported improved profits despite an ongoing decline in sales.

In the first half of this year the retailer reported underlying operating profits of £22.2m for the 26 weeks to 22 September, up from a £10.4m loss in the same period a year ago.New Look’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) supported by cost savings saw an increase from £24.2m to £49.8m. Excluding China, EDITBA saw an...